The RBI's Monetary Policy Committee kept the repo rate unchanged at 5.25% for a third consecutive meeting, holding its neutral stance amid "greater clarity" needed on inflation.
Governor Sanjay Malhotra flagged food and fuel risks, slashing the FY27 inflation forecast to 5.0% from 5.1% while raising growth projections, a classic "wait-and-see" maneuver as global tensions simmer.
The rupee surged 39 paise to 94.89 against the dollar in early trade, its...
